Jewellers on Saturday called off their 18-day old strike demanding rollback of proposed excise duty on non-silver jewellery after government assured them that there will be no harassment by excise officials.
Major jewellery associations, including All India Gems and Jewellery Trade Federation, India Bullion and Jewellers Association and Gems Jewellery Export Promotion Council took the decision after meeting Finance Minister Arun Jaitley regarding the 1% excise duty on jewellery.
“It (excise duty) has not been rolled back but our grievances have been taken care of. The finance minister has assured us that there will be no ‘inspector raj’,” said GJF chairman Sreedhar.
Published 19 March 2016, 20:36 IST